Bravo Bush another failure to add to you legacy and our future, the Iraq war will now cost $12 billion a month. I’m sure China loves all those loans with all that interest which we will never get out from under. That MBA Bush got is really paying off…..for Chinese investors.
Fiscal responsibility and George Bush, a contradiction in terms; Bush is only fiscally responsible when he vetoes programs that help Americans and keep this country running. Mounting foreign loans and blank checks will continue to swallow us in Bush’s war of greed and lies.
Astonishing, $12 billion a month could have paid for bills Bush vetoed because they were not fiscally responsible:
$65 billion funding for the Department of Veterans Affairs;
$151 billion to the departments of Labor, Health and Human Services and Education;
$606 billion for a domestic spending bill, which included funding for education, for health care, for lifesaving medical research, for job training, for mine safety, for homeless veterans. Here’s the breakdown;

• $37 billion for school districts across America,
• $16.4 billion to lower the costs of student loans,
• $2 billion for affordable, high-quality child care for low-income families,
• $7 billion for Head Start programs,
• $3.4 billion for state unemployment insurance and employment services,
• $2.2 billion for community health centers,
• $340 million to strengthen mine safety protections and
• $183 million to enforce wage and hour laws.

Let’s not forget foreclosures, continued job loss, out of control gas prices, food. Don’t worry we have plenty of money for the war and Bush’s death squad, Blackwater.
(AP) Studies: Iraq Costs US $12B Per Month
The flow of blood may be ebbing, but the flood of money into the Iraq war is steadily rising, new analyses show. In 2008, its sixth year, the war will cost approximately $12 billion a month, triple the “burn” rate of its earliest years, Nobel Prize-winning economist Joseph E. Stiglitz and co-author Linda J. Bilmes report in a new book.
Beyond 2008, working with “best-case” and “realistic-moderate” scenarios, they project the Iraq and Afghan wars, including long-term U.S. military occupations of those countries, will cost the U.S. budget between $1.7 trillion and $2.7 trillion - or more - by 2017.
Interest on money borrowed to pay those costs could alone add $816 billion to that bottom line, they say.
These numbers don’t include the war’s cost to the rest of the world. In Iraq itself, the 2003 U.S.-led invasion - with its devastating air bombardments - and the looting and arson that followed, severely damaged electricity and other utilities, the oil industry, countless factories, hospitals, schools and other underpinnings of an economy.
No one has tried to calculate the economic damage done to Iraq, said spokesman Niels Buenemann of the International Monetary Fund, which closely tracks national economies. But millions of Iraqis have been left without jobs, and hundreds of thousands of professionals, managers and other middle-class citizens have fled the country.

• That total far surpasses the $670 billion in 2007 dollars the Congressional Research Service says was the U.S. price tag for the 12-year Vietnam War.

Although American military and Iraqi civilian casualties have declined in recent months, the rate of spending has shot up. A fully funded 2008 war budget will be 155 percent higher than 2004’s, the CBO reports.
The reasons are numerous: the “surge” of additional U.S. units into Iraq; rising fuel costs; fattened bonuses to attract re-enlistments; and particularly the need to “reset,” that is, repair or replace worn-out, destroyed or damaged military equipment. Almost $17 billion is appropriated this year for advanced armored vehicles to protect troops against roadside bombs.

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